এখন থেকে আমরা Elev8
আমরা শুধুমাত্র একটি ব্রোকার নই। আমরা একটি সর্বাত্মক ট্রেডিং ইকোসিস্টেম—বিশ্লেষণ, ট্রেড, এবং প্রবৃদ্ধির জন্য আপনার যা কিছু প্রয়োজন তা এক জায়গায়। আপনার ট্রেডিং উন্নত করতে প্রস্তুত?
ট্রেডিং এর খবর
2 Feb 2016
No takers for gold despite risk-off in Europe
FXStreet (Mumbai) - The safe haven appeal of Gold has not come into play today despite risk-off in Europe, leaving the pair weak at the daily lows around USD 1123.39 levels.
Is it a technical correction?
Prices have gained almost $60 since mid-January. Consequently, the drop seen today could be a technical correction rather than the fundamental weakness. Moreover, prospects of more aggressive monetary easing after Japan’s negative rate surprise and the risk-off in equities means fundamentals remain supportive.
Ahead in the day, the prices remain at the mercy of the overall market sentiment as the US economic calendar is light.
Gold Technical Levels
The metal hovers around USD 1124/Oz levels. The immediate resistance is seen at 1130 (200-DMA), above which the gains could be extended to 1136.68 (Oct 8 low). On the other hand, a break below 1122.33 (5-DMA) could open doors for a slide to 1113.75 (10-DMA).
Is it a technical correction?
Prices have gained almost $60 since mid-January. Consequently, the drop seen today could be a technical correction rather than the fundamental weakness. Moreover, prospects of more aggressive monetary easing after Japan’s negative rate surprise and the risk-off in equities means fundamentals remain supportive.
Ahead in the day, the prices remain at the mercy of the overall market sentiment as the US economic calendar is light.
Gold Technical Levels
The metal hovers around USD 1124/Oz levels. The immediate resistance is seen at 1130 (200-DMA), above which the gains could be extended to 1136.68 (Oct 8 low). On the other hand, a break below 1122.33 (5-DMA) could open doors for a slide to 1113.75 (10-DMA).